Avaada Power Pvt. Ltd

Question- Recently, Avaada Power Pvt Ltd has announced to invest Rs 3500 crores for setting up solar power projects of how much power in Andhra Pradesh?
(a) 350 MW
(b) 450 MW
(c) 500 MW
(d) 550 MW
Answer: (c)
Related Facts:

  • On February 28th, 2018, Avaada Power Pvt. Ltd. announced an investment of Rs. 3500 crores for setting up 500 MW solar projects in Andhra Pradesh.
  • In this context, the agreement was signed in 2018 in the Indian Industry Confederation Partnership Summit, held in Visakhapatnam in February, 2018.
  • According to Avaada Power, the solar project on the utility scale will produce enough clean energy for more than 2.4 million households.

Reference:
https://www.thehindubusinessline.com/companies/avaada-power-to-invest-rs-3500-cr-to-build-500-mw-solar-capacity-in-ap/article22889453.ece